New Delhi: H.M. Electro Mech Limited focuses on turnkey projects, handling the supply, installation, testing, and setup of pumping machinery while also offering complete operation and maintenance services. The company’s Initial Public Offering (IPO) will open on January 24, 2025, aiming to raise up to ₹ 27.74 crores and get listed on the BSE SME platform.
The Issue size is 36,99,200 Equity Shares with a price band of ₹ 71/- to ₹ 75/- per share and face value of ₹ 10 each.
Highlights:
- Total Issue Size – 36,99,200 Equity Shares of ₹ 10 each
- Book Built Issue Size – 27.74 Crores
- Price Band – ₹ 71 to ₹ 75 per Equity Share
- Lot Size – 1600 Equity Share
Anchor Bidding on: Thursday, January 23, 2025
Issue Opens on: Friday, January 24, 2025
Issue Closes on: Tuesday, January 28, 2025
Tentative Listing Date: Friday, January 31, 2025
QIB Anchor Portion: Not more than 10,52,800 Equity Shares
Qualified Institutional Buyer: Not more than 7,02,400 Equity Shares
Non-Institutional Investors: Not Less than 5,28,000 Equity Shares
Retail Individual Investors: Not Less than 12,30,400 Equity Shares
Market Maker: 1,85,600 Equity Shares
Converted to HTML with WordToHTML.net | Email Signature Generator
The net proceeds of the IPO will be utilized to meet working Capital requirements, and for general corporate purposes.
Beeline Capital Advisors Pvt Ltd is the Book Running Lead Manager to the Issue, while Cameo Corporate Services Limited is the Registrar to the Issue.
About H.M. Electro Mech Limited:
H.M. Electro Mech Limited is engaged in the field of turnkey projects of supply, installation, testing and commissioning of pumping machineries along with comprehensive operation and maintenance. Initially the core Business of the Company was Infra projects related to water supply scheme involving Pumping Machineries and allied accessories for water and waste water. Over the years it has diversified in the field of electrification projects with Indian railways, Nationalized Banks and Municipal Corporations.
Recently it has started EPC (Engineering, Procurement and Construction) field projects which involves laying cross country pipe line and civil work related to water supply projects including construction of water treatment plant (WTP), Civil Work for Pump Houses, Diesel Generating Sets, Panel Room, Instrumentation, PLC-SCADA. The company is also engaged in sale of products which includes Pump, Pipes, Transformer, Motor and Other Electronic Accessories.
H.M. Electro Mech Limited is ISO 9001:2015 certified and Class ‘AA’ (highest category for EPC Contracts – unlimited bidding capacity subject to fulfilment of other tender conditions) with Irrigation division of Government of Gujarat. It is authorized by Government of Gujarat Energy and Petrochemicals Department to carry out Electrical Installation Works in the Gujarat State.
Financials
In FY24, The Company Achieved a Revenue of ₹ 11,703.45 Lakhs, EBITDA of ₹ 1,255.88 Lakhs & PAT of ₹ 818.61 Lakhs.
As of Sept 2024, The Company Achieved a Revenue of ₹ 4539.59 Lakhs, EBITDA of ₹ 545.82 Lakhs & PAT of ₹ 333.89 Lakhs.
Disclaimer:
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
